HOUSTON-A national real estate firm has bought a multifamily property in Houston. Philadelphia-based Resource Real Estate Opportunity Inc. has purchased the Bristol apartment complex at 1221 Redford St. for $11.4 million.
The property, which measures 703,862 square feet, contains 856 apartment units. The apartment complex traded for $13,318 per unit. It was 52% occupied at the time of closing. Tritex Real Estate Advisors Inc. was the seller of Bristol apartment complex. For the full story, go to Philadelphia Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
